Indonesia - Bigeye Tuna - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Indonesia - Bigeye Tuna - Market Analysis, Forecast, Size, Trends And Insights

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Bigeye Tuna Price in Indonesia - 2022

Contents:

  1. Bigeye Tuna Price in Indonesia (FOB) - 2022
  2. Bigeye Tuna Price in Indonesia (CIF) - 2022
  3. Bigeye Tuna Exports in Indonesia
  4. Bigeye Tuna Imports in Indonesia

Bigeye Tuna Price in Indonesia (FOB) - 2022

In 2022, the average bigeye tuna export price amounted to $1,614 per ton, with an increase of 2.6% against the previous year. Overall, the export price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. The export price peaked at $2,368 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($7,579 per ton), while the average price for exports to the Philippines ($944 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bigeye Tuna Price in Indonesia (CIF) - 2022

In March 2022, the average bigeye tuna import price amounted to $1,412 per ton, reducing by -62% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 103% m-o-m. Over the period under review, average import prices hit record highs at $3,718 per ton in February 2022, and then reduced remarkably in the following month.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was Solomon Islands ($1,719 per ton), while the price for Seychelles stood at $1,377 per ton.

From April 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Bigeye Tuna Exports in Indonesia

Bigeye tuna exports from Indonesia soared to 1.4K tons in 2022, rising by 48% compared with the year before. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 65% against the previous year. As a result, the exports reached the peak of 1.9K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, bigeye tuna exports surged to $2.3M in 2022. Overall, exports, however, recorded a abrupt decline.

Export of Bigeye Tuna in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand5464584216807.6%
Canada31849525947013.9%
Spain4461,040373423-1.7%
Vietnam76747361.0414-18.6%
United States24821950.3167-12.3%
Philippines28.850.637.964.330.7%
China20.365.58.052.537.3%
Japan39029474.535.7-54.9%
El SalvadorN/AN/A99.1N/A0%
MexicoN/AN/A120N/A0%
Others20.633.639.229.412.6%
Total2,7853,1281,5442,336-5.7%

Top Export Markets for Bigeye Tuna from Indonesia in 2022:

  1. Thailand (690.3 tons)
  2. Spain (354.0 tons)
  3. Vietnam (151.5 tons)
  4. Philippines (68.1 tons)
  5. Canada (62.0 tons)
  6. China (53.0 tons)
  7. United States (28.0 tons)
  8. Japan (27.9 tons)

Bigeye Tuna Imports in Indonesia

After three years of growth, overseas purchases of bigeye tuna decreased by -30% to 491 tons in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 149%. As a result, imports attained the peak of 701 tons, and then contracted markedly in the following year.

In value terms, bigeye tuna imports contracted markedly to $783K in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 162%. As a result, imports attained the peak of $1.1M, and then reduced sharply in the following year.

Import of Bigeye Tuna in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Seychelles51.113140539197.1%
Spain12.036.4158207158.4%
Malaysia13412010178.2-16.4%
South Korea6.925.912145.387.2%
Marshall Islands2.335.311342.2163.8%
Senegal21.329.225.99.7-23.1%
Taiwan (Chinese)16.339.339.47.6-22.5%
Others24.015.61712.7-51.7%
Total2674331,13478343.1%

Top Suppliers of Bigeye Tuna to Indonesia in 2022:

  1. Seychelles (248.9 tons)
  2. Spain (142.8 tons)
  3. South Korea (29.9 tons)
  4. Marshall Islands (28.9 tons)
  5. Malaysia (26.5 tons)
  6. Taiwan (Chinese) (6.4 tons)
  7. Senegal (6.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bigeye tuna market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

    Country coverage:

    • Indonesia

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Indonesia
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS
    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030
    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT
    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES
    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS
    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023
    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023
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